CC Resolution No. 9661 RESOLUTION NO. 9661
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING EXECUTION OF IMPROVEMENT AGREEMENT BETWEEN THE
CITY AND DEVELOPER, CUPERTINO CITY CENTER APARTMENTS II, A
CALIFORNIA LIMITED PARTNERSHIP
TRACT NO. 8840, TORRE AVENUE
WHEREAS, there has been presented to the City Council a proposed
improvement agreement between the City of Cupertino and developer, Cupertino City
Center Apartments II, A California Limited Partnership, for the installation of certain
municipal improvements in Tract No. 8840, Torte Avenue, and said agreement having
been approved by the City Attorney, and Developer having paid the fees as outlined in
the attached Exhibit A;
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and the City Clerk are
hereby authorized to sign the aforementioned agreement in behalf of the City of
Cupertino.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 15th day of July, 1996, by the following vote.
Vote Members of the City Council
AYES: Bautista, Chang, Dean, Sorensen, Burnett
NOES: lqone
ABSENT: tqone
ABSTAIN: tqone
APPROVED:
Mayor, City of Cupertino
ATTEST:
EXHIBIT A
SCHEDULE BOND, FEES, AND DEPOSITS
DEVELOPMENT: TRACT NO. 8840, CUPERTINO CITY CENTER
APARTMENTS II, A CALIFORNIA LIMITED PARTNERSHIP
LOCATION: TORRE AVENUE
A. Faithfial Performance Bond: $ 27,882.00
110-206-100
B. Labor and Material Bond: $ 27,882.00
110-206-100
C. Checking and Inspection Fee: $ 1,394.00.
D. Indirect City Expenses: N/A
E. Development Maintenance Deposit: $ 3,000.00
110-206-100
F. Storm Drainage Fee: Basin #3 $ 9,946.00
215-415-003
G. One Year Power Cost: N/A
H. Street Trees: By Developer
I. Map Checking Fee: $ 1,309.00
110-451-520
J. Park Fee: Zone III $254,016.00
480-416-033'
K. Water Main Reimbursement: N/A
L. Maps and/or Improvemem Plans:
As specified n Item #23 of agreement.
*Subject to agreement & covenant running with the land (per letter from Pegasus
Development Co. dated May 22, 1996)